Common use of Availability Preceding Expiration of Qualified Project Period Clause in Contracts

Availability Preceding Expiration of Qualified Project Period. During the three (3) years prior to the expiration of the Qualified Project Period, the Owner shall continue to make available to Restricted Units to Low Income Tenants that have been vacated to the same extent that non-Restricted Units, if any, are made available to non-eligible households.

Appears in 1 contract

Samples: Regulatory Agreement and Declaration of Restrictive

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Availability Preceding Expiration of Qualified Project Period. During the three (3) years prior to the later of (i) the expiration of the Qualified Project Period or (ii) the date that is fifty-five (55) years after the date of commencement of the Qualified Project Period, the Owner shall continue to make available to Restricted Units to Low Income Tenants eligible households reserved units that have been vacated to the same extent that non-Restricted Unitsreserved units, if any, are made available to non-non- eligible households.

Appears in 1 contract

Samples: Regulatory Agreement

Availability Preceding Expiration of Qualified Project Period. During the three (3) years prior to the later of (i) the expiration of the Qualified Project Period or (ii) the date that is fifty-five (55) after the date of commencement of the Qualified Project Period, the Owner shall continue to make available to Restricted Units to Low Income Tenants that have been vacated to the same extent that non-Restricted Units, if any, are made available to non-non- eligible households.

Appears in 1 contract

Samples: Regulatory Agreement and Declaration of Restrictive

Availability Preceding Expiration of Qualified Project Period. During the three (3) years prior to the later of (i) the expiration of the Qualified Project Period or (ii) the date that is fifty-five (55) years after the date of commencement of the Qualified Project Period, the Owner shall continue to make available to Restricted Units to Very Low Income Tenants the Restricted Units that have been vacated to the same extent that non-Restricted Units, if any, are made available to non-eligible households.

Appears in 1 contract

Samples: Regulatory Agreement

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Availability Preceding Expiration of Qualified Project Period. During To the extent applicable, during the three (3) years prior to the later of (i) the expiration of the Qualified Project Period or (ii) the date that is seventy-five (75) years after the date of commencement of the Qualified Project Period, the Owner shall continue to make available to Restricted Units to Low Income Tenants eligible households that have been vacated to the same extent that non-Restricted Units, if any, are made available to non-eligible households.

Appears in 1 contract

Samples: Regulatory Agreement and Declaration of Restrictive

Availability Preceding Expiration of Qualified Project Period. During the three (3) years prior to the later of (i) the expiration of the Qualified Project Period or (ii) the date that is fifty-five (55) after the date of commencement of the Qualified Project Period, the Owner shall continue to make available to Restricted Units to Low Income Tenants that have been vacated to the same extent that non-Restricted Units, if any, are made available to non-eligible households.

Appears in 1 contract

Samples: Regulatory Agreement and Declaration of Restrictive

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